This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate for the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and drug candidates, where its structural properties contribute to the optimization of molecular interactions and therapeutic efficacy.